Breaking News
UBS inks pact with Swiss government as Credit Suisse deal may close next week
[ad_1] UBS said Friday that it’s signed a loss protection agreement with the Swiss government covering up to 9 billion francs ($10 billion) of…
Tag: CH:CSGN
Breaking News
UBS Expects to Complete Credit Suisse Acquisition, Delisting as Early as Next Week – Update
[ad_1] By Pierre Bertrand UBS Group said it expects to complete its acquisition of Credit Suisse Group and have the shares of the Swiss…
Business
Deutsche Bank Reports Higher Profit in Tumultuous Quarter
[ad_1] Deutsche Bank Reports Higher Profit in Tumultuous Quarter [ad_2] Source link
Breaking News
Credit Suisse chairman apologizes at final shareholder meeting in 167-year history
[ad_1] “We wanted to put all our energy and our efforts into turning the situation around and putting the bank back on track. It…
Breaking News
Credit Suisse abetted possible criminal tax evasion, Senate committee alleges
[ad_1] A new Senate Finance Committee report from the Democratic staff alleges that Credit Suisse CS violated key terms of a plea agreement with…
Breaking News
Deutsche Bank shares slump in latest sign of bank worries
[ad_1] Deutsche Bank shares slumped on Friday, putting the health of another globally systemic important bank in the spotlight heading into the weekend. The…
Breaking News
What are CoCos and why are Credit Suisse’s now worth zero?
[ad_1] The Swiss regulator on Sunday announced that it was writing the value of Credit Suisse’s additional Tier 1 bonds — also called AT1…
Breaking News
Credit Suisse shares slump by two-thirds after UBS deal
[ad_1] Credit Suisse shares dropped as much as 65% on Monday after the struggling Swiss bank agreed to be taken over by its rival…
Breaking News
Norway’s Oil Fund Has Roughly 1.49% Stake in Credit Suisse, No AT1 Bond Exposure
[ad_1] By Dominic Chopping Norway’s sovereign wealth fund had a 1.49% stake in Credit Suisse Group AG at the end of 2022 and a…
Breaking News
Here’s why UBS’s deal to buy Credit Suisse matters to U.S. investors
[ad_1] Thousands of miles away from U.S. shores last Wednesday, a headline began working its way across Europe, then Wall Street, sparking fresh panic…
Breaking News
UBS to buy Credit Suisse for more than $3 billion in deal backed by Swiss government
[ad_1] Struggling Swiss banking giant Credit Suisse has agreed to be bought by its arch-rival UBS at a discount to Friday’s close price, after…
Business
UBS Said to Offer $1 Billion for Credit Suisse. Here’s Why It Matters.
[ad_1] UBS Group has offered to buy Credit Suisse Group for up to $1 billion, the Financial Times reported on Sunday. The report said…
Breaking News
U.S. stocks end lower, Dow books back-to-back weekly losses as banking sector stress reemerges
[ad_1] U.S. stocks ended lower Friday as worries about banking-sector stability reemerged following a bankruptcy filing by SVB Financial Group and the release of…
Breaking News
Credit Suisse shares jump after saying it will borrow from SNB and buy back debt
[ad_1] Credit Suisse shares surged 32% in opening trade, rallying as the Swiss banking giant said it will tap its central bank for 50…
Breaking News
Credit Suisse to delay publication of 2022 annual report on SEC comments
[ad_1] Credit Suisse Group AG said Thursday that it will delay the publication of its 2022 report after a late call from U.S. market…
Breaking News
Saudi crown prince set to invest in Credit Suisse’s new investment bank
[ad_1] Saudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays PLC’s former chief executive are among investors preparing to invest $1…
Breaking News
Credit Suisse shares tumble after flagging $1.6 billion 4Q loss amid strain for wealth management comes
[ad_1] Credit Suisse Group AG shares tumbled in Wednesday morning trading after the bank said asset outflows at its wealth-management business would lead to…
Breaking News
Credit Suisse makes $2.98 billion debt-repurchase offers
[ad_1] Credit Suisse Group AG said Friday that it is offering to repurchase debt securities for a total of close to $3 billion as…